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Property profile & analytics
OFF-MARKET
Estimated value
$2,010,000
Warehouses
342 Industrial Way Fallbrook, CA 92028-2352
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-9902441
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Total area
4,317 SF
Lot
0.63 ac (27,442 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
105-410-63-00
UPID
US09-9902441
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Fallbrook Gymnastic Club Gym & Fitness Center
-
A Bushing Co Building Supply Metal Fabrication Plant
-
Antrin Miniature Specialties Industrial Manufacturer Production Facility
-
TWWF Services Corporate Office
-
Cabinets By Holladay General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$2.01M
Owner & transaction history
Oscar Lomeli · 6 yrs held
Oscar Lomeli
since 2020
Last sale
$1.9M
5 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Fallbrook, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.1M
+67.5%
Auto repair, garage
$1.7M
+34.7%
Office building
$1.6M
+27.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fallbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fallbrook submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$2,555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,225,000
Current use
MEDICAL BUILDING
$2,050,000
Change: +67% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,650,000
Change: +35% · Conversion: Easy
OFFICE BUILDING
$1,555,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$2.01M
Range $1.81M – $2.21M · ±10% · vs last sale $1.90M (Jul 17 2020)
Last sale anchor
$1.90M
Jul 17 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$466 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,106
Tax year 2024
Assessed value
$1,315,897
Assessed 2024
Previous assessed
$1,315,897
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$254,689
Assessed improvement
$1,061,208
Applied tax rate
75.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Heating
NONE
Total area
4,317 SF
Lot
0.63 ac (27,442 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
105-410-63-00
UPID
US09-9902441
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Fallbrook, CAZoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · Fallbrook, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Lot
0.63 ac
Current owner
From public records · entity-resolved
Oscar Lomeli
Individual
Mailing address
342 INDUSTRIAL WAY, FALLBROOK, CA 92028-2352
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2020
—
Oscar Lomeli
Maria G Lomeli
Quit Claim Deed
related
$1,520,000 · Bank Of America
Jul 17, 2020
$1,900,000
Anne M Odermatt
Rashkin A & E F/tr
Grant Deed
—
Mar 13, 2020
—
Rashkin,amoid & Emma Fam Trust
Rashkin
Quit Claim Deed
related
—
May 29, 1998
—
Arnold L Etal Rashkin
Rashkin,arnold L Etal
Quit Claim Deed
related
—
May 22, 1998
—
Arnold L Etal Rashkin
Rashkin,arnold L & Emma
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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